KBC Group NV Sells 6,912 Shares of SEI Investments Company $SEIC

KBC Group NV reduced its position in SEI Investments Company (NASDAQ:SEIC) by 14.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,715 shares of the asset manager’s stock after selling 6,912 shares during the quarter. KBC Group NV’s holdings in SEI Investments were worth $3,116,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Precision Wealth Strategies LLC raised its holdings in shares of SEI Investments by 38.8% during the 1st quarter. Precision Wealth Strategies LLC now owns 8,870 shares of the asset manager’s stock valued at $696,000 after buying an additional 2,480 shares in the last quarter. AIA Group Ltd boosted its stake in SEI Investments by 43.1% in the first quarter. AIA Group Ltd now owns 15,831 shares of the asset manager’s stock worth $1,242,000 after buying an additional 4,768 shares in the last quarter. California Public Employees Retirement System grew its position in SEI Investments by 2.5% during the first quarter. California Public Employees Retirement System now owns 198,469 shares of the asset manager’s stock valued at $15,574,000 after acquiring an additional 4,819 shares during the last quarter. Gallacher Capital Management LLC grew its position in SEI Investments by 9.9% during the first quarter. Gallacher Capital Management LLC now owns 3,032 shares of the asset manager’s stock valued at $238,000 after acquiring an additional 273 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. raised its stake in shares of SEI Investments by 29.3% during the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 4,470 shares of the asset manager’s stock worth $351,000 after acquiring an additional 1,012 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SEIC has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a report on Friday, July 17th. Raymond James Financial lifted their target price on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. UBS Group reissued a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a research note on Thursday. Piper Sandler upped their price target on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley raised their price objective on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.60.

Insider Activity

In other news, insider Mark Andrew Warner sold 4,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the completion of the transaction, the insider directly owned 921 shares of the company’s stock, valued at approximately $83,958.36. This represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kathryn Mccarthy sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $91.07, for a total transaction of $910,700.00. Following the sale, the director owned 77,883 shares of the company’s stock, valued at approximately $7,092,804.81. This represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 71,332 shares of company stock valued at $6,278,583. Insiders own 4.80% of the company’s stock.

Key Stories Impacting SEI Investments

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: SEI posted Q2 earnings of $1.66 per share, beating estimates, while revenue rose to $641.6 million and sales/AUM metrics topped expectations, reinforcing the view that business momentum remains solid. Article Title
• Positive Sentiment: Management’s Q2 call highlighted record growth and expanding margins, which suggests operating leverage is improving and may support earnings growth ahead. Article Title
• Positive Sentiment: Analysts turned more constructive after earnings: Morgan Stanley raised its price target to $125 with an overweight rating, and Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating, both signaling higher expectations for the stock. Article Title
• Positive Sentiment: Consensus earnings estimates have been revised higher, which often supports shares when investors see improving forward fundamentals. Article Title
• Neutral Sentiment: Recent short-interest data showed no meaningful short position reported, so there is no clear bearish squeeze or short-selling signal driving the move. Article Title

SEI Investments Stock Performance

Shares of SEIC stock opened at $99.22 on Friday. The company has a market capitalization of $11.93 billion, a P/E ratio of 17.50 and a beta of 0.97. SEI Investments Company has a fifty-two week low of $75.08 and a fifty-two week high of $102.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.40 and a current ratio of 5.06. The stock has a 50 day moving average price of $91.71 and a two-hundred day moving average price of $86.14.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The firm had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $636.35 million. During the same quarter last year, the business earned $1.78 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. Analysts expect that SEI Investments Company will post 6.2 earnings per share for the current year.

SEI Investments Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were given a $0.52 dividend. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments’s payout ratio is presently 17.75%.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.